CNBC: Reverse Mortgages Aren't for the 'Stupid'
April 24, 2017
Reverse Mortgage Daily - Continuing its recent string of positive reporting on reverse
mortgages, CNBC posted an article summarizing the new thinking behind Home Equity
Conversion Mortgages last week — with the added caveat that the products aren’t for
Osterland also includes a telling quote from a financial planner, who otherwise supports
the use of Home Equity Conversion Mortgages as a responsible part of a larger retirement
"The late-night ads are a really bad idea for the industry," planner and Texas Tech
University professor John Salter told CNBC.
Read the story here.